Sunpower secures contract worth 65.9m yuan

SUNPOWER Group, a solution provider for energy conservation, waste-to-energy and renewable energy projects in China, announced on Monday that its wholly owned subsidiary, Jiangsu Sunpower Technology, was awarded a contract worth 65.9 million yuan (S$13.3 million) from Qinghai Damei Coal Industry.

The group will provide engineering, procurement and construction services to Qinghai Damei's zero-liquid-discharge facility of integrated utilisation of exhaust gas for olefins project, and is expected to be delivered by the end of 2018. This project is one of the key projects of Qinghai's 13th five-year plan.

Guo Hongxin, chairman of Sunpower Group said: "We are determined to achieve consistent and stable growth in our traditional business by capitalising on the group's strong technological advantage.

"Leveraging the government's initiatives and issued policies in promoting a circular economy, the group will remain on the lookout for business opportunities in this market as well as other related environmental protection industries and further enhance our market competitiveness to cement our position as the leading player in the industry."